Jason Allen is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Jason uses a 12% discount rate. Option 1 Option 2 Equipment purchase and installation $70,100 $81,950 Annual cash flow $28,300 $30,500 Equipment overhaul in year 6 $4,740 Equipment overhaul in year 8 $6,010 Click here to view the factor table. (a) Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, e.g. 1.2514 and the final answers to O decimal places, e.g. 59,991.) Option 1 Option 2 Net present value(b) Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, e.g. 15.25.) Option 1 Option 2 Profitability Index eTextbook and Media Save for Later Attempts: 0 of 3 used Submit